Saturday, January 23, 2010

Hotels, resorts suffer around Colorado

Posted By on Sat, Jan 23, 2010 at 3:38 PM

The latest indication that Colorado's tourism business is far from leading any kind of economic recovery comes from the Denver Post, reporting that Denver's hotel occupancy rates dropped to 60.6 percent in 2009, its lowest level since 1990 (during another economic slide).

That rate, calculated by Horwath HTL/Montgomery & Associates, had been 66.6 percent in 2008, though obviously that could've been helped some by the Democratic National Convention.

Also, the state's mountain resorts are continuing to suffer, with an occupancy rate in December of just 40.3 percent, down slightly from 41.2 percent for December 2008. However, the story said resort reservations for the next six months are slightly ahead of a year ago.

For more, go here

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